Today the preliminary consumers sentiment index (by University of Michigan) came out showing surprisingly good results — 92.4 against 86.0 expected — a historically high level of consumers confidence which indicates an uptrend the economy of United States. While consumer sentiment index is at its highest levels, dollar is suffering a continuous EUR/USD rally which showed a new maximum (for more than ten years period) at 1.3813 level today. Perhaps, strong macroeconomic indicators from U.S. prevented EUR/USD from keeping above 1.3800 mark, but it can be broken again at any time soon. Some other U.S. statistics became available today — business inventories growth in May increased from 0.4% to 0.5% (while a growth slowdown to 0.3% was expected). Advance monthly retail sales for June came out unexpectedly bad — falling down by 0.9% (they were expected to remain intact) — which is quite strange considering the high consumers sentiment index.
